Financiere des Professionnels Fonds d investissement inc. Trims Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Financiere des Professionnels Fonds d investissement inc. cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,378 shares of the transportation company's stock after selling 3,105 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Canadian Pacific Kansas City were worth $10,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $914,090,000. Causeway Capital Management LLC grew its stake in Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Invesco Ltd. grew its stake in Canadian Pacific Kansas City by 25.7% during the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after purchasing an additional 2,177,604 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Canadian Pacific Kansas City by 44.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock worth $351,723,000 after purchasing an additional 1,516,684 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after purchasing an additional 1,262,913 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CP shares. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Bank of America increased their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Finally, Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.95.

Canadian Pacific Kansas City Stock Down 1.7%

Shares of CP stock traded down $1.38 during trading hours on Monday, reaching $79.65. The company had a trading volume of 1,554,936 shares, compared to its average volume of 2,812,244. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The business has a fifty day simple moving average of $79.13 and a 200-day simple moving average of $76.34. The company has a market cap of $73.39 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.